500 SW 8th AVE, Miami FL 33130

HORNERS ADDN

$1,680,000
12 Habitaciones
6 Baños
4,608 SQFT
$365 / SQFT

Solicitar información

Thomas Pichet
Thomas Pichet
+1 561-945-4345
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$1,680,000
500 SW 8th AVE, Miami FL 33130
HORNERS ADDN
12 Habs
6 Baños
4,608 SQFT

Información

Tamaño del terreno 5,800 sqft
Año de construcción 1925
Ciudad Miami
Área The Roads
Precios/sqft $365/sqft
DOM 109 Days
MLS # A12004679
Estado Active

Description

TURNKEY LITTLE HAVANA MULTIFAMILY | 6.85% CAP RATE Exceptional investment opportunity in the heart of Little Havana! This premium income-producing asset consists of two detached buildings featuring a uniform mix of six fully renovated 2-bedroom, 1-bathroom units. Operating with an efficient 31.83% expense ratio, the property generates a strong Net Operating Income (NOI) of $115,144.50, delivering an attractive 6.85% cap rate at the $1,680,000 asking price. Ownership has invested over $200,000 in recent capital improvements, minimizing future capital expenditures and providing true turnkey ownership. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), new exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and fully upgraded electrical systems with new main service entries and meter boxes (2025/2026). For added buyer confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved, offering significant peace of mind. Ideally located just minutes from Brickell, Downtown Miami, and the Health District, this asset benefits from one of Miami's strongest and most resilient rental markets. Whether you're completing a 1031 exchange, expanding a private portfolio, or seeking a stabilized, cash-flowing investment, this property offers immediate, optimized income from day one with minimal deferred maintenance.

Área

Información sobre propiedad

  • Precios: $1,680,000
  • Precios/sqft: $365/sqft
  • Tax Year: 2025
  • Tax annual amount: $24,355

  • Property subtype : Single Family Residence
  • Property type : residential
  • MLS # : A12004679
  • Front Exposure: Southwest
  • Stories: 2
  • View: None

  • Design Description: Detached, Other, Two Story
  • Construction: Frame,Stucco
  • Year Built Details: Resale

  • Pool Features: None

  • City: Miami
  • County: Miami-Dade
  • State: FL
  • Parcel Number: 01-41-38-006-0180
  • Subdivision Complex Bldg: HORNERS ADDN
  • Zoning Information: 3901

  • Garage Spaces: 0.0
  • Parking Description: None
  • Carport Spaces: 0.0

  • Heating Description: Central
  • Cooling Description: Central Air
  • Water Description: Public
  • Sewer Description: Public Sewer

  • Room Count: 0
  • Interior Features: Second Floor Entry, First Floor Entry, Other
  • Exterior Features: Balcony, None
  • Patio and Porch Features: Balcony, Open

Contact

Thomas Pichet
Thomas Pichet
CEO & Broker
+1 561-945-4345
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